Claiming Business Expenses as a Self-Employed Sole Trader | The Accountancy Partnership
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Jul 5, 2023
theaccountancy.co.uk
Making these mistakes = over claiming, and missing legitimate expenses = paying MORE tax than necessary. Most directors are doing both. To summarise, these are: Pre-registration expenses - You can claim costs from before your company was formed… within 7 years before incorporation (but must relate to the business you are running) Uniform for work - You can’t claim everyday clothing, even if you “only wear it for work.” HMRC only allows: ✔Branded uniforms ✔ PPE ✔ Protective equipment Vehicle expe
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8.2K views · 8 comments | Do you pay for your own work travel expenses?  You may be able to claim work expenses tax relief. ✅ By claiming directly with HMRC, you’ll keep 100% of any money that you’re owed.  Check eligibility and get started. ⬇️ https://dontgetcaughtout.campaign.gov.uk/claiming-expenses/?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=dgco_expenses | HMRC | Facebook
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